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International Edition

DLA Piper appoints new EMEA restructuring head

DLA Piper has installed Shan Spencer as the new head of its Europe, Middle East and Asia restructuring practice. Manchester-based Spencer takes over in the role from Simon Neilson-Clark, who has stepped down after three years to concentrate on client work ahead of the anticipated surge in demand for restructuring advisers. Spencer, who has been a partner at DLA Piper for six years, was previously head of the transatlantic giant's 18-lawyer northwest restructuring team.
1 minute read

International Edition

Outer Temple looks east with Abu Dhabi move

Outer Temple Chambers has become one of the first sets to launch an annexe in the United Arab Emirates, it was announced earlier this week (29 October). The annexe will be located in Abu Dhabi and will become the commercial set's first overseas presence when it is officially opened next weekend by business development director Derek Jenkins.
2 minute read

International Edition

Top-tier SA firm launches City branch

Leading South African law firm Webber Wentzel Bowens is to launch in London next month after hiring UK corporate partner Vaughn Harrison from rival Werksmans.
2 minute read

International Edition

Africa: Power politics

Black economic empowerment still dominates the agenda at South Africa's largest law firms. Do or die is the message, reinforced by the prospect of a controversial legal services charter that is looming. Sophie Evans reports from Johannesburg
17 minute read

International Edition

Africa: Africa's model for arbitration

The South African law on arbitration is governed by the Arbitration Act of 1965. The South African Act followed traditional English legal principles pertaining to arbitration, and essentially reflects the position as it stood in English law in 1965.
7 minute read

International Edition

Africa: Ghana's gold

The Republic of Ghana recently made a debut $750m (£366m) sovereign bond issue. The 10-year bond issue, which was listed on the London Stock Exchange and sold into both the US and European markets, was hugely oversubscribed and reflects international investors' interest in and appetite for the rapidly growing African capital markets.
5 minute read

International Edition

Africa: In the pipeline

Distinct from their more westerly neighbours such as Angola, Equatorial Guinea and Nigeria, it is fairly uncommon for southeast African countries to hit the headlines when it comes to oil and gas. In fact, apart from some natural gas fields, crude oil discoveries in the region are scarce and barely commercial.
6 minute read

International Edition

Africa: An unexpected light

Foreign money judgments are not always as easy to enforce in South Africa as foreign creditors would like. Among the reasons for this is legislation that was designed for a long-gone siege-mentality era and the limited recognition allowed in South African courts of the international competence of foreign jurisdictions.
5 minute read

International Edition

Africa: Connecting Africa

Africa's mobile markets have become the fastest growing in the world, achieving some 40%-plus year-on-year growth. This growth is being fuelled by a range of factors typical of emerging and developing markets and is also influenced by the effects of market saturation in more developed nations. Increasingly the focus of international operator interest, Africa's numerous and potentially lucrative telecoms opportunities present a unique investment risk profile that may not necessarily represent a 'comfortable' proposition for the average Western investor.
8 minute read

International Edition

Africa: Clampdown on cartels

Within South Africa's economic landscape several important industries are highly concentrated oligopolies, characterised by few players and limited competition. This is the result of years of policies aimed at creating and protecting state monopolies, which were subsequently part-privatised into unregulated and underdeveloped markets. The situation has been exacerbated by the racially-based exclusion of potential entrants.
7 minute read

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